Honda Canada to build EV battery plant in Ontario

Summary: Honda Canada plans to build an EV battery plant in Alliston, Ont., alongside producing electric vehicles. The $7-billion plant in St. Thomas will be the third in Ontario. The deal involves tax credits and capital commitments. The federal government offers a 10% EV supply chain tax credit. Negotiations with Honda began in 2022, with the deal finalized in late 2023. The announcement is expected this week.

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